IMO welcomes entry into force of the BBNJ Agreement

The Biodiversity Beyond National Jurisdiction (BBNJ) Agreement targets sustainable use of marine biodiversity in international waters. The world’s first global treaty to protect ocean life in international waters enters into force on 17 January 2026, bringing into effect legally-binding rules for the sustainable use and management of marine resources in the high seas. Formally known …

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LNG Shipping Market Retreats Further

The LNG spot market continued to soften this week, with rates retreating further as the seasonal Q1 dip became more pronounced and the tonnage list lengthened, particularly in the Atlantic Basin. On the BLNG1 Australia–Japan route, 174k cbm vessels edged down $1,200 to $41,400/day. However, with 2-stroke availability remaining relatively tight, rates found support and …

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Still questions before return to Suez Canal, German car industry says

The German automotive industry is still seeing open questions, particularly insurance issues, before resuming transports through the Suez Canal, its business association VDA said. “The top priority for everyone involved is the absolute safety of the crews — this is a prerequisite for any decision to resume wider use of this route,” VDA said in …

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Altera Infrastructure parts ways with FSO deployed on Asian oil field

Altera Infrastructure has struck a deal with Samos Energy Group, an energy investor, to divest a floating storage and offloading (FSO) unit, which is working at an oil field off the coast of Thailand, Southeast Asia. The post Altera Infrastructure parts ways with FSO deployed on Asian oil field appeared first on Offshore Energy.

La Delegación del COIN en Cataluña renueva los vocales de su Junta Territorial y rinde homenaje a la trayectoria de sus colegiados

El Colegio Ofi cial de Ingenieros Navales (COIN) ha anunciado ofi cialmente la renovación de los cargos de su Junta Territorial en Cataluña. Esta actualización de la directiva busca fortalecer la representación y gestión del colectivo de ingenieros navales en la región. Nueva composición de la Junta Tras el proceso de renovación, se ha designado …

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MODEC places FPSO gig in DOF’s hands for ExxonMobil’s oil project offshore Guyana

DOF has secured a new assignment with Japan’s MODEC for a floating production, storage, and offloading (FPSO) vessel, which will work at an oil project operated by ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, off the coast of Guyana. The post MODEC places FPSO gig in DOF’s hands for ExxonMobil’s oil project offshore Guyana appeared …

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